Updated May 23, 2025
S3 Capital Partners Provides $13.75M Construction Loan For Multifamily Property In Bedford-Stuyvesant, Brooklyn
$13,750,000
$359/SF
Building Size
38,257 SF
Asset Type
MultiFamily
Closing
Jan 13, 2023
About this deal
AI
A construction loan of $13,750,000 has been secured for a multifamily property in Bedford-Stuyvesant, Brooklyn. The property spans an impressive 38,257 square feet.
Summary of transaction details:
- Property Type: Multifamily
- Transaction Amount: $13,750,000
The loan was provided by S3 Capital Partners, with Robert Schwartz and Shawn Safdie representing the lending agency. The loan type is construction.
S3 Capital Partners Provides $13.75M Construction Loan For Multifamily Property In Bedford-Stuyvesant, Brooklyn is logged as a multifamily loan on Traded (2023). The building is 38,257 square feet, implying about 359 per square foot on the published price. Named participants on the S3 Capital Partners Provides $13.75M Construction Loan For Multifamily Property In Bedford-Stuyvesant, Brooklyn loan are Robert Schwartz, Shawn Safdie. This page is the market file for the S3 Capital Partners Provides $13.75M Construction Loan For Multifamily Property In Bedford-Stuyvesant, Brooklyn multifamily financed: pricing, party profiles, and other closed multifamily comps from the same area sit in the Market section below. Cite this S3 Capital Partners Provides $13.75M Construction Loan For Multifamily Property In Bedford-Stuyvesant, Brooklyn loan when underwriting similar multifamily product.
Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Loan transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.15%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93